Post Air India takeover, Tata Sons chief promises a 'world class airline'

The group also said it philosophically agrees with 'the Prime Minister's vision for the aviation sector, of making it affordable and ensuring it contributes to boosting 'Ease of Living' for citizens'

The government on Thursday officially handed over Air India to the Tata Group. Tata Sons chairman N Chandrasekaran said the group is very happy to have Air India back in its fold.

Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey told reporters that Air India has been handed over to Talace Private Limited, a subsidiary of the Tata Group's holding company, which is the successful bidder.

"Now, the new owners (of the airline) are Talace," Pandey noted.

"Totally delighted that the takeover process of Air India is complete. We are very happy to have Air India